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DD Company just buy a new machine at a cost of $ 5 6 8 , 6 5 0 . The investment is expected to

DD Company just buy a new machine at a cost of $568,650. The investment is expected to generate $150,000 in annual cash flows for a period of five years. The required rate of return is 13%. The old machine has a remaining life of five years. The new machine is expected to have zero value at the end of the five-year period. The disposal value of the old machine at the time of replacement is zero. What is the internal rate of return? A 15% B 13% C 14% D 10%

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